Question
Kevin Hopkins Homes engaged in the following activities during the year: Purchased 500 shares of Google for $401,000 Sold 1,000 shares of Starbucks for $56,000
Kevin Hopkins Homes engaged in the following activities during the year:
Purchased 500 shares of Google for $401,000 | |
Sold 1,000 shares of Starbucks for $56,000 | |
Purchased new equipment costing $333,000 for cash | |
Sold equipment with a book value of $133,000 for $157,000 |
Prepare the cash flows provided by investing activities section of Kevin Hopkins Homes statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).)
Cash flows from investing activities | ||
---|---|---|
select an item Loan repaymentDecrease in accounts payablePurchase of equipmentPurchase of marketable securitiesSale of equipmentSale of marketable securities | $enter a dollar amount | |
select an item Sale of marketable securitiesLoan repaymentSale of equipmentPurchase of equipmentDecrease in accounts payablePurchase of marketable securities | enter a dollar amount | |
select an item Decrease in accounts payableLoan repaymentPurchase of marketable securitiesSale of marketable securitiesSale of equipmentPurchase of equipment | enter a dollar amount | |
select an item Sale of equipmentLoan repaymentPurchase of equipmentDecrease in accounts payablePurchase of marketable securitiesSale of marketable securities | enter a dollar amount | |
Net cash select an option providedused by investing activities | $enter a total amount for this section |
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